DCIT,CC-6(2), MUMBAI V. M/S.SAMIRA GATEWAYS & PROPERTIES PVT. LTD, MUMBAI

ITA 1750/MUM/2018

• Counselvise Citation: [2018] 125 COUNSELVISE.COM (IT) 4466 (ITAT-MUMBAI)
• Duration Of Justice: 4 month(s) 25 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 10-08-2018
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: J
• Assessment Year: 2009-2010
• Appeal Filed On: 16-03-2018
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: RAJEEV K GUBGOTRA LD
• Assessee Lawyers: RITESH JAIN LD
• Keywords: Tax effect

Judgement Text

ITA.NOS.1750-1753/MUM/2018 SAMIRA GATEWAYS & PROPERTIES PVT..LTD ASSESSMENT YEARS-2009-10 TO 2012-13 IN THE INCOME TAX APPELLATE TRIBUNAL F BENCH, MUMBAI , , BEFORE SHRI SAKTIJIT DEY, JM AND SHRI MANOJ KUMAR AGGARWAL, AM ./I.T.A. NO.1750/MUM/2018 ( / ASSESSMENT YEAR:2009-10) DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-6(2) ROOM NO.1903, 19 TH FLOOR AIR INDIA BUILDING NARIMAN POINT, MUMBAI-400 021 / VS. SAMIRA GATEWAYS & PROPERTIES PVT. LTD. G, SHRIKANT CHAMBERS, SION TROMBAY ROAD NEXT TO R.K. STUDIOS CHEMBUR , MUMBAI - 400 071 ! ./ ./PAN/GIR NO. AABCS-1678-L ( !# /APPELLANT ) : ( $%!# / RESPONDENT ) & ./I.T.A. NO.1751/MUM/2018 ( / ASSESSMENT YEAR:2010-11) DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-6(2) ROOM NO.1903, 19 TH FLOOR AIR INDIA BUILDING NARIMAN POINT, MUMBAI-400 021 / VS. SAMIRA GATEWAYS & PROPERTIES PVT. LTD. G, SHRIKANT CHAMBERS, SION TROMBAY ROAD NEXT TO R.K. STUDIOS CHEMBUR, MUMBAI- 400 071 ! ./ ./PAN/GIR NO. AABCS-1678-L ( !# /APPELLANT ) : ( $%!# / RESPONDENT ) & ./I.T.A. NO.1752/MUM/2018 ( / ASSESSMENT YEAR:2011-12) DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-6(2) ROOM NO.1903, 19 TH FLOOR AIR INDIA BUILDING NARIMAN POINT, MUMBAI-400 021 / VS. SAMIRA GATEWAYS & PROPERTIES PVT. LTD. G, SHRIKANT CHAMBERS, SION TROMBAY ROAD NEXT TO R.K. STUDIOS CHEMBUR, MUMBAI- 400 071 ! ./ ./PAN/GIR NO. AABCS-1678-L ( !# /APPELLANT ) : ( $%!# / RESPONDENT ) & ./I.T.A. NO.1753/MUM/2018 ( / ASSESSMENT YEAR:2012-13) DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-6(2) / SAMIRA GATEWAYS & PROPERTIES PVT. LTD. ITA.NOS.1750-1753/MUM/2018 SAMIRA GATEWAYS & PROPERTIES PVT..LTD ASSESSMENT YEARS-2009-10 TO 2012-13 2 ROOM NO.1903, 19 TH FLOOR AIR INDIA BUILDING NARIMAN POINT, MUMBAI-400 021 VS. G, SHRIKANT CHAMBERS, SION TROMBAY ROAD NEXT TO R.K. STUDIOS CHEMBUR, MUMBAI- 400 071 ! ./ ./PAN/GIR NO. AABCS-1678-L ( !# /APPELLANT ) : ( $%!# / RESPONDENT ) ASSESSEE BY : RITESH JAIN, LD. AR REVENUE BY : RAJEEV K. GUBGOTRA, LD. DR / DATE OF HEARING : 10/08/2018 / DATE OF PRONOUNCEMENT : 10/08/2018 / O R D E R PER MANOJ KUMAR AGGARWAL (ACCOUNTANT MEMBER) 1. AFORESAID APPEALS BY REVENUE FOR ASSESSMENT YEAR S [AY] 2009-10 TO 2012-13 CONTESTS SEPARATE ORDERS OF LD. FIRST AP PELLATE AUTHORITY QUA CERTAIN RELIEF PROVIDED TO THE ASSESSEE. SINCE COMM ON ISSUES ARE INVOLVED, WE PROCEED TO DISPOSE-OFF THE SAME BY WAY OF THIS COMMON ORDER FOR THE SAKE OF CONVENIENCE & BREVITY. 2. THE LD. AUHTORIZED REPRESENTATIVE FOR ASSESSEE [ AR], SHRI RITESH JAIN, AT THE OUTSET, POINTED OUT THAT THE TAX EFFECT OF T HE QUANTUM ADDITIONS IN EACH OF THESE AYS AS CONTESTED BY THE REVENUE IS LESS THAN PRESCRIBED LIMIT OF RS.20 LACS AND THE SAME IS COVE RED BY RECENTLY ISSUED LOW TAX EFFECT CIRCULAR NO.03/2018 DATED 11/07/2018 ISSUED BY CENTRAL BOARD OF DIRECT TAXES [CBDT]. THE LD. DR, SHRI. RAJIV K. GUBGOTRA, HAS CONTROVERTED THE SAME BY SUBMITTING THAT NECES SARY INSTRUCTIONS / CERTIFICATE, IN THIS REGARD, WOULD B E REQUIRED FROM HIGHER AUTHORITIES. ITA.NOS.1750-1753/MUM/2018 SAMIRA GATEWAYS & PROPERTIES PVT..LTD ASSESSMENT YEARS-2009-10 TO 2012-13 3 3. WE HAVE GONE THROUGH THE CIRCULAR AND FIND THAT THE TAX EFFECT OF QUANTUM IN DISPUTE IN EACH OF THE AYS IS BELOW PRES CRIBED LIMIT OF RS.20 LACS AND THE ASSESSEE STOOD BENEFITTED BY THE ABOVE CIRCULAR ISSUED BY CBDT WHEREIN THE MINIMUM MONETARY LIMIT FOR FILING THE APPEALS BEFORE VARIOUS APPELLATE AUTHORITIES HAVE BEEN FIXED AS UN DER:- S. NO. APPEALS/ SLPS IN INCOME - TAX MATTERS MONETARY LIMIT (RS.) 1 BEFORE APPELLATE TRIBUNAL 20.00,000 2 BEFORE HIGH COURT 50.00,000 3 BEFORE SUPREME COURT 1,00.00,000 THE AFORESAID LIMITS, AS PER PARA 13 OF THE CIRCULAR APPLIES TO PENDING APPEALS ALSO. IN VIEW OF THE ADMITTED POSITION, WE DISMISS THE REVENUES APPEAL FOR ALL THESE AYS. 4. SO FAR AS THE CONTENTIONS RAISED BY LD. DR IS CO NCERNED, WE FIND THAT AFORESAID CIRCULAR DOES NOT ENVISAGE OBTAINING OF ANY CERTIFICATE FROM ANY AUTHORITIES, IN ANY MANNER. NEVERTHELESS, THE R EVENUE IS FREE TO MOVE APPROPRIATE APPLICATION TO RECALL THIS ORDER, IF AT A LATER STAGE, IT IS FOUND THAT THE MATTER IS COVERED BY ANY EXCEPTIONS PROVIDED IN THE AFORESAID CIRCULAR OR IN CASE THE TAX EFFECT OF THE QUANTUM ADDITIONS AS AGITATED BY REVENUE EXCEEDS THE PRESCRIBED MONETARY LIMIT. 5. ALL THE APPEALS STAND DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON 10 TH AUGUST, 2018. SD/- SD/- (SAKTIJIT DEY) (MANOJ KUMAR AGGARWAL) / JUDICIAL MEMBER / ACCOUNTANT MEMBER MUMBAI; DATED : 10/08/2018 SR.PS:-THIRUMALESH ITA.NOS.1750-1753/MUM/2018 SAMIRA GATEWAYS & PROPERTIES PVT..LTD ASSESSMENT YEARS-2009-10 TO 2012-13 4 ! / COPY OF THE ORDER FORWARDED TO : 1. !# / THE APPELLANT 2. $%!# / THE RESPONDENT 3. ( ) / THE CIT(A) 4. / CIT CONCERNED 5. + ,$ - , - , / DR, ITAT, MUMBAI 6. , ./0 / GUARD FILE / BY ORDER, / (DY./ASSTT.REGISTRAR) , / ITAT, MUMBAI